15 days on rocket

1226 S Kern Ave, Los Angeles, CA, 90022

$899,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
3 Full Baths
1,687 SqFt
$533/SqFt
Multi
Schools Nearby

Location

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1226 S Kern Ave, Los Angeles$899,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1929
CoolingCentral Air, Wall/Window Unit(s)
FireplaceNone
ViewNone
MLS #CV24076048
Lot Size0.14 Acres
StatusActive

About 1226 S Kern Ave

Welcome to an exceptional investment opportunity in East Los Angeles, California! This property boasts a total of five bedrooms and three bathrooms, divided among two units, making it an ideal income-generating asset. Currently offering a fantastic rental income potential, the property features below-market rents, providing a significant value-add opportunity for savvy investors. The existing tenants at this location have been reliable occupants for years, enhancing the appeal of this investment property. The area is known for its high demand for rental properties, ensuring a steady stream of potential tenants. Additionally, the property includes ownership of solar panels that were installed in 2021. Prospective investor buyers can inquire about acquiring the current financing arrangement for solar ownership, adding to the property's appeal as a sustainable investment. Furthermore, the current owner has plans to add two additional dwelling units to the property and possesses all the necessary specifications for this expansion. For those interested in exploring this opportunity, the owner's plans can be shared upon request. It is important to note that any potential investor should conduct their own due diligence with the city regarding the requirements and regulations for additional dwelling units (ADUs). This ensures compliance with local laws and regulations, providing a smooth transition for any planned expansions. Don't miss out on this rare opportunity to invest in a promising income property in a sought-after location in East Los Angeles. Contact us today to learn more and schedule a viewing of this remarkable investment property!

Property Details

Property Features

Property Information:

  • Year Built: 1929
  • Stories: 1
  • Living Area: 1,687 SqFt

Listing Office:

  • Office Name: COLDWELL BANKER LEADERS
  • Office Phone: (818) 441-6629
  • Listing Agent: John Chapman

Interior Features

Interior Information:

  • Interior: All Bedrooms Down
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Lot Features

Lot Information:

  • Lot: Back Yard, Front Yard
  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Cooling: Central Air, Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • Montebello High School, Public District Grades 9-12
  • Montebello Intermediate School, Public District Grades 6-8
  • Winter Gardens Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: E Olympic and S Arizona Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $899,000
  • Price Per SqFt: $533/SqFt

Tax Information:

  • Annual Amount: $6,350
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$986.4K

Med. Price/SqFt

$631

Avg. Days On Market

34

# of Sold Homes

1534

1226 S Kern Ave vs Los Angeles

15 DAYS ON ROCKET

-19 Days

$899,000

-$87.4K Less

$533/SqFt

-$99 Less

KEY TAKEAWAY

This property is $87.4K less than the Median Sold Price and $99/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #CV24076048

Listing Office:

  • Office Name: COLDWELL BANKER LEADERS
  • Office Phone: (818) 441-6629
  • Listing Agent: John Chapman

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2024, 9:25:21 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$6,350$460,415
2020$7,775$455,695
2019$7,858$446,760
2018$1,613$438,000
2017$1,613$59,940

History based on county public records data.

Payment Calculator

$4,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,762

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4407046
2
/10

  • Winter Gardens Elementary School

  • 1277 Clela Ave

  • 0.26 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4407047
4
/10

  • Montebello Intermediate School

  • 1600 W Whittier Blvd

  • 2.84 miles

  • Public District Grades 6-8

High School

school-card-donut-4407048
2
/10

  • Montebello High School

  • 2100 W Cleveland Ave

  • 2.51 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,294. The most common annual income of people living in Los Angeles, CA is less than $35k. The most common type of family is married, with kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90022›1226 S Kern Ave

This home is located at 1226 S Kern Ave in Los Angeles, CA and zip code 90022 in the The Eastside neighborhood. This 1,687 square foot home, which was built in 1929, sits on a 0.14 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 17, 2024 and is currently priced at $899,000.

While more than 701 listings in Los Angeles, CA in April 2024 were sold above asking price, there were more than 204 listings sold at asking price, and more than 629 were sold below. The number of homes for sale in Los Angeles, CA increased by 14.9% between March 2024 and April 2024. Listings spent 34 days on the market in April 2024, and had a median list price of $986,427 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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